Chile: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Chile

The Chilean chocolate and confectionery market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a mild setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in Chile

In value terms, chocolate and confectionery production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Chocolate and confectionery production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Chocolate And Confectionery Exports

Exports from Chile

In 2022, shipments abroad of chocolate and confectionery increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a noticeable curtailment. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chocolate and confectionery exports skyrocketed to $X in 2022. Overall, exports, however, saw a noticeable curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons), Ecuador (X tons) and Bolivia (X tons) were the main destinations of chocolate and confectionery exports from Chile, with a combined X% share of total exports. Thailand, Paraguay, Colombia, El Salvador and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from Chile were Peru ($X), Ecuador ($X) and Bolivia ($X), with a combined X% share of total exports. Paraguay, Thailand, El Salvador, Colombia and Mexico lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Chile

In 2022, after six years of growth, there was significant decline in overseas purchases of chocolate and confectionery, when their volume decreased by X% to X tons. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, chocolate and confectionery imports contracted to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest chocolate and confectionery supplier to Chile, accounting for a X% share of total imports. Moreover, chocolate and confectionery imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Peru (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Peru (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of chocolate and confectionery to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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